So each $10 lift in wholesale power prices equated to $100,000,000 free cashflow, most stated are up $10 from last years average already, best news is they bottomed during covid shut downs etc.
https://www.asxenergy.com.au/
As noted before on another tread NSW futures are $120 for 2022 higher again in 2023 up from current $74 ave and 2021 average $65.
So AGL had free cashflow of about $650,000,000 last year a horror with write-downs etc all done, AGL free cashflow is on the bounce and if the futures are correct that could generate another $500,000,000 so back over a billion FCF PA.
Now it takes no genius to work out FCF multiple of 5 at todays price of $7.70 AGL is extremely cheap.
Wholesale prices is the key to the higher share price before the company splits and TLS, ALD, Shell etc come and bid for the clean AGL.
GLAH
Wholesale power prices rise
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Last
$9.33 |
Change
0.060(0.65%) |
Mkt cap ! $6.276B | |||
| Open | High | Low | Value | Volume |
| $9.34 | $9.35 | $9.27 | $9.226M | 989.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10951 | $9.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.34 | 3359 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$9.34 |
Change
0.060 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $9.32 | $9.35 | $9.28 | 285700 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AGL (ASX) Chart |